Course Description

Synopsis:

When the company suffers a legal wrong, it’s the board of directors that decides whether to take action. But what if the wrongdoers are the directors themselves? For minority shareholders, this can be a frustrating and high-stakes dilemma.


In Part 1 of this two-part series, we unravel the complex but critical distinction between corporate wrongs (wrongs done to the company) and shareholder wrongs. You’ll explore the legal frameworks that allow shareholders to step in when those in power fail to act — including the famous Rule in Foss v Harbottle, the concept of ratification, and the more modern and plaintiff-friendly statutory derivative action under s 216A.


By the end of this module, you will:

  • Understand the difference between corporate wrongs and shareholder wrongs — and why it matters.

  • Recognise the limits of the company’s internal decision-making when directors are at fault.

  • Grasp the common law approach to shareholder remedies and its limitations.

  • Learn how the statutory derivative action under s 216A empowers shareholders to seek justice.

The Essentials of Company Law - What Shareholders and Business Owners Must Know (Part 2) will focus on personal rongs suffered by shareholder, and the statutory protections available under s 216 of the Companies Act.


Intended For:

  • Audit Professionals / PAIP 
  • Finance Professionals  / PAIB 
  • Public Sector Finance
  • C-suite & Directors
  • Business Owners


Competency Mapping: 

  • CPE Category "Others" = 1.0 CPE Hour 
Instructor Image

Lau Kah Hee

Kah Hee is qualified as an Advocate & Solicitor in Singapore and as an Attorney-at-Law in New York, and his legal career has spanned more than 15 years. He is also a Commissioner for Oaths.Kah Hee began his legal career in 2008 as a Justices’ Law Clerk and then as an Assistant Registrar at the Supreme Court of Singapore where he worked for the Chief Justice and Judges of Singapore. Thereafter, Kah Hee was appointed a Deputy Public Prosecutor and State Counsel at the white-collar crime division of the Attorney-General’s Chambers of Singapore in 2010. While with the Singapore Legal Service, Kah Hee was also an adjunct member of the teaching faculty at the National University of Singapore, School of Business where he taught the final year accounting students Corporate & Securities Law.In 2011, Kah Hee embarked on a new and challenging career in private practice, practising litigation and arbitration with the largest local law firm in Singapore (Rajah & Tann LLP) and the largest international law firm in the world (Baker & McKenzie), before joining Derrick Wong & Lim BC LLP as a Partner in April 2016, and now in the reconstituted firm, BC Lim & Lau LLC as a Director in January 2020. Apart from practising law, Kah Hee is concurrently an adjunct faculty member of the Singapore Management University, School of Law, teaching the Law of Evidence and Company Law.Kah Hee is actively involved in commercial litigation, arbitration, as well as immigration law, corporate compliance and governance. He also has experience advising and acting for various parties in contractual, commercial, corporate, banking, property, employment, financial and investment-related disputes. In corporate compliance, Kah Hee’s practice includes bank fraud investigation, defence against government/regulatory investigations, and white-collar criminal matters.

1 CPE Hour

Lesson(s)

6

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